Modeling five-year projections is essential for universities making big decisions. It may be new to higher ed, but here’s how to do it.
Instructional Cost Metrics You Need to Make Big Decisions
If you want to reduce costs, here are a few instructional-related metrics you’ll need to make and back up your decisions.
Top metrics to prepare for financial rightsizing
Last month, we talked about the six most important financial questions a board and president need to understand and the financial tools you need to answer them. Now it’s time to focus on the answers to those questions, the decisions they require, and the metrics you should examine to understand the drivers to financial sustainability. […]
I Talked to AICPA-CIMA About Democratizing Financial Data
Access to more data can help us make better decisions. However, just having more data may not get us where we need to be. We have to make sure everyone involved understands the data well enough to inform the decisions we make together. I call the process of getting everyone on the same page about […]
The 6 Most Important Financial Questions a Board and President Must Ask About the Budget
If I were the president or on the board of an institution, I would expect to see all the information listed here before passing a budget.
Why is it difficult for higher ed to “right size” or “step-down” resources to maintain long-term financial stability?
Historically, universities have not worried as much about financial stability. They’ve always have a glut of students. They’re worrying now.
How often do you walk around campus and attend student events?
If we in finance are not walking around campus, engaging with students, faculty, and staff, we cannot appreciate where to invest and when.
Are you smarter than AI?
Some believe AI is capable of critical and creative thought. I am not convinced, so I used AI in my classroom and business to find out.